Australia's largest stock trading and investment forum Australia's #1 stock forum

SLA

Click for more information

0.00%

$3.34 silk laser australia limited

It is now trading 14% below the 3.35 bid.There are still two...

First 4 Last

Share
Profile

Follow
apoel

1,288 Posts.

65

13/06/23

10:49

Post #: 68255170
Share

Originally posted by NordSmith23: ↑

WAM held a lot of shares, and held throughout the period where SLA dropped quite a bit. Looks as though they started to offload on 2 June once the share price was declining off the back of news that WES wouldn't place a higher bid at this stage - before that, the SP had been exceeding even the EC Healthcare bid.

Could be hedging their bets in case it doesn't go through, and taking profit while they can if that eventuates?

Also, we don't know how much they've sold. They're no longer a substantial holder - 5% or more of issued shares - though may have still held some - we don't know. They could be hedging their bets with about half sold, in the hopes the other half will profit, or not. There's also lost opportunity costs waiting for an extra pip when it can be deployed elsewhere.

On the other hand, it looks as though an existing substantial holder has upped their stake in SLA in the meantime - though not so much as to take all of the WAM sold shares.

In short, no idea, but probably a cost benefit analysis and not necessarily a conviction that the bid/s won't go through.

Expand

It is now trading 14% below the 3.35 bid.
There are still two parties in due diligence
Could be a good opportunity for anyone who has cash to buy at these prices...

SLA Price at posting: $2.86 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

There are more pages in this discussion • 3 more messages in this thread...

First 4 Last

Add SLA (ASX) to my watchlist